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Wednesday, April 7, 2010 as of 11:14 AM ET

Scott A McGregor

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    Broadcom 1Q Profit Tumbles Despite Smartphone Demand

    Broadcom (NASDAQ:BRCM) said Thursday that its first-quarter profit plunged for the fourth consecutive period but topped Wall Street expectations, as moderately improved sales could not outpace higher expenses.

     The latest quarter for Broadcom, which provides chips for Apple's (NASDAQ:AAPL) new iPad and third-generation Apple TV, as well as Samsung's Galaxy S II, Nexus and Galaxy Tab, bumped higher on strong demand for the iPad.Apple last week handily beat estimates on a 94% jump in quarterly profit, lifting tech stocks across the board.However, Broadcom, an Irvine, Calif.-based maker of chips for mobile devices, reported net income of $88 million, or 15 cents a share, compared with a year-earlier $228 million, or 42 cents.That's partially a reflection of weak sales by Nokia (NYSE:NOK) and other handset makers. Shaving off one-time items, Broadcom earned 65 cents, ahead of the 54 cents predicted by analysts in a Thomson Reuters poll.Revenue for the three months ended March 31 was $1.83 b...

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    2. Broadcom Boosts 4Q Sales View to $1.8 Billion

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    5. Broadcom 1Q Profit Tops Views, But 2Q Outlook Soft

      Shares of Broadcom (NASDAQ:BRCM) dropped in late trading after the company offered a soft second-quarter outlook.The Irvine, Calif.-based chip maker for mobile devic...

    6. Broadcom's 3Q Beats Estimates, 4Q View Sunny

      Shares of Broadcom Corp. ( NASDAQ :BRCM) jumped more than 4% after it announced better-than-expected third-quarter results and gave optimistic fourth-quarter guidanc...

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